Plasma cutting is a process that is used to cut conducting materials. This process is used predominantly in the steel industry. A plasma arc is generated inside the plasma torch. Based on the metal and the desired quality levels, gases such as nitrogen, argon, compressed air, and argon and hydrogen (65%+35%) are used as plasma gas. This cutting method is most widely used to cut aluminum, thick stainless steel, copper, and other alloys of steel. Even for ferrous materials like mild steel, the quality of cutting achieved through this method is sharp and highly economical. This cutting technology is gradually substituting the traditional oxy-fuel cutting for materials with thicknesses in the range of 0.5-50 mm. Technavio’s analysts forecast the global plasma cutting machine market to grow at a CAGR of 6.03% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global plasma cutting machine market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales/volume/value.The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Plasma Cutting Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

ESAB

Hypertherm

Komatsu

Messer Cutting Systems

NISSAN TANAKA

Other prominent vendors

AJAN ELEKTRONIK

Automated Cutting Machinery

C&G Systems

ERMAKSAN

Esprit Automation

HACO

Hornet Cutting Systems

JMTUSA

Kerf Developments

Kjellberg Finsterwalde

Koike Aronson

Miller Electric Mfg

MultiCam

SICK

SPIRO International

The Lincoln Electric Company

Voortman Steel Machinery

Wuhan Farley Laserlab Cutting Welding System Engineering

Würth

Market driver

Rise in automation

For a full, detailed list, view our report

Market challenge

Expense involved in routine maintenance

For a full, detailed list, view our report

Market trend

Integration of biochemistry with plasma cutting

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Integration of biochemistry with plasma cutting. The plasma cutting industry is witnessing a remarkable technological trend through the integration of biochemistry, which will impact the market significantly. For instance, LubeCorp, a Canadian company, offers fluid for treatment of the water on plasma cutting tables. The main objective of this fluid is to prevent the formation of rust and corrosion. It also efficiently biodegrades any bacteria that comes in contact with the cut parts. The company has assured that the fluid can be safely discharged as it does not have any harmful impact on the environment.”

According to the report, one of the major drivers for this market is Rise in automation. Automation is employed to increase the anticipated quality and elevate the demand for products owing to the increase in globalization and growing population. The investments in global process automation continue to rise and the market is projected to reach $120 billion by 2019, with a growth rate of more than 6%. The growth is focused on areas such as hardware, technology, software and allied services, and the communication protocols used for automation.

Further, the report states that one of the major factors hindering the growth of this market is Expense involved in routine maintenance. The routine maintenance of plasma cutting machines leads to additional costs for the end-user, adding to the overall expenses. These machines need to be serviced and maintained regularly to ensure overall productivity, accuracy, and reliability. Even a machine downtime of a few hours can result in heavy losses for businesses.